Core Viewpoint - North Mining Testing Technology Co., Ltd. is set to publicly issue 28,320,000 shares at a price of 6.70 yuan per share, with a listing date on November 18, 2025, on the Beijing Stock Exchange, indicating strong market interest and potential for growth in the testing and inspection sector [1]. Company Overview - North Mining Testing originated from the Beijing General Research Institute of Mining and Metallurgy established in 1956 and became an independent legal entity in 2016, completing its shareholding reform in 2022 [2]. - The company is recognized as a national high-tech enterprise and holds ISO/IEC 17025 certification, along with being a designated testing institution by the London Metal Exchange (LME) [2]. - As a national-level specialized and innovative "little giant" enterprise, the company focuses on the research and production of various analytical instruments, including ICP spectrometers and atomic absorption spectrometers [2]. Recent Developments - On November 7, the company obtained a utility model patent for a "high-throughput liquid sampling system," which enhances the automation and efficiency of high-throughput testing for analytical instruments like ICP-MS [2]. - The new system is designed to improve laboratory work efficiency by allowing unattended operation, increasing sample processing capacity, and enhancing daily work precision [2].

Core Viewpoint - The establishment of the National Jewelry Industry Measurement Testing Center is aimed at supporting the high-quality development of the gold and jewelry industry through measurement technology [1] Group 1 - The center will conduct research on measurement testing technology and the development of standard materials for the entire traceability chain [1] - Key measurement technology capabilities will be developed for diamonds, colored gemstones, jade, organic gemstones, and precious metals such as gold, silver, platinum, and palladium [1] - The center will also focus on the development of specialized measurement testing equipment, including laser-induced breakdown spectroscopy and gemstone color measurement instruments [1] Group 2 - The initiative aims to provide technical support for scalable and low-cost online or in-situ traceability solutions [1] - The establishment of the center is expected to promote the healthy and standardized development of the gold and jewelry industry [1]